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Daily Archives: November 5, 2017

Philippines lags in Asian pace of reforms —WB poll

The Philippines slipped to 113th place out of 190 economies in the Doing Business Report 2018 of the World Bank from 99th place a year ago.

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Japan in race vs China in wooing Duterte with financial aid

At the recent summit in Tokyo between President Duterte and Prime Minister Shinzo Abe the Japanese government reaffirmed its commitment to provide economic cooperation worth 1 trillion over the next five years.

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SSS freezes execs in stock-trade scandal

By Riza Lozada State pension fund Social Security System (SSS) said it reassigned four officials who are the subject of complaints of profiting from their posts.

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Sino billionaire tapped to spur MSMEs’ development

The government has tapped Chinese billionaire tycoon Jack Ma to help local micro, small and medium enterprises (MSMEs) to improve their access to technology to spur their development.

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SMC wants to expand expressways

San Miguel Corporation (SMC) will soon start expanding the three expressways it built – the South Luzon Expressway (SLEX), the Skyway system, and the Ninoy Aquino International Airport Expressway (NAIAX) – to help decongest traffic in the metropolis.

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Scientific review of 26 mine sites start —MICC

By Luis Leoncio The Mining Industry Coordinating Council (MICC) has started a “fact-finding and science-based” review of mining operations across the country for the first time since the inception of this multisectoral oversight body five years ago, Finance Secretary Carlos Dominguez III said.

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Subic Bay Freeport backs SBMA waiver of $200 fee

Subic Bay International Terminal Corp. (SBITC), a unit of International Container Terminal Services Inc. (ICTSI), operating the container terminals of the Subic Bay Freeport, supports the waiver of the $200 or P10,000 accreditation fee by the Subic Bay Metropolitan Authority (SBMA) for new logistics firms that will transact and do business at the Freeport.

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Gokongwei is management man of year

The Management Association of the Philippines (MAP) chose tycoon John Gokongwei Jr., founder and chairan emeritus of JG Summit Holdings Inc. as MAP Management Man of the Year 2017.

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Local airlines vow to work with government, seek regulatory, infra support

The first Philippine Aviation Day – put together by the Air Carriers Association of the Philippines (ACAP) – gathered key aviation stakeholders who saw the opportunity for local aviation to gain from the ongoing regional air travel boom.

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IATA warns Philippines vs. ‘onerous’ aviation regulations

The International Air Transport Association (IATA) warned the Philippines against “excessively onerous” aviation regulations that would hamper growth in the aviation sector and consequently hurt passengers.

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